Treasure Hunting

“In a new type of gold rush, beach goers are using metal detectors to hunt for lost treasures as the price for the precious metal hits record highs.

Central Florida dealers said they have been selling out of metal detectors, Local 6’s Ramin Khalili reported. Beachgoer Fay Powell said she’s been using a metal detector to search for gold items that now sell for more than $1,000 an ounce. ‘I thought about getting some gold or some Spanish coins or something like that,’ Powell said.

Piles of gold have been pouring into beachside pawn shops in recent weeks, Central Florida’s Local 6 News has learned.

Some residents are selling items they already have for cash. ‘The jewelry was a luxury to have, but I’m selling it for necessity reasons,’ resident Marie Savickas said. Experts said the previous high-water mark for gold was $800 an ounce in the 1980s. They said they don’t expect prices to drop any time soon. ‘No one in history has ever seen it like this,’ said jeweler Jesse Ross. ‘It is the highest it’s been in the world history.”

I think it’s pretty obvious that we all saw this coming. The good news is that those of us who have been doing this for awhile (and consider it our true love and hobby) will be running circles around the noobs. As for you noobs - good luck out there, and if you really want to find treasure then practice, practice, practice!

Check out my article on Gold Metal Detectors for more information on specific gold detectors.

Check out our sponsors to buy your own metal detector, but remember to do your research first! Metal Detectors For Less has a large and diverse inventory of metal detectors to choose from. And Kellyco Metal Detectors has their own Gold & Prospecting Detectors page.

Good luck out there and happy gold hunting!

- Shaun

Share This